Tag - landlord

Curtains for Closet Doors

Curtains for Closet Doors (by WMH [NC] ) Posted on: Feb 10, 2022 9:34 AM I do hate swinging doors, they take up so much space and we have small places. Bi-folds are terrible, always getting broken and falling off. Sliding barn doors only work in certain spaces. Ditto pocket doors. In our small cottages we have been using curtains on closets...

Can You Work With Me

[MO] Applicant: "Can you work with me on (the 1st month rent/the deposit)?" Me: "No, we already have contractors." or just "No". [FL] No, I’m not in a position to be your lender and require move-in funds to be paid in full before keys are turned over. [NY] No. I actually have it in my ads and when I discuss about the apartment "first and...

Don’t Wait Long!

A landlord mentioned on the MrLandlord Q&A forum that they receive a lot of inquiries (in one particular case, over 1,000) and hundreds of applications. However, by the time he gets back to a couple of the truly qualified applicants, they have already found another rental home. I offered the following suggestion: How long do you take before you get...

What Are Your Requirements

What are your requirements AL Have a lot of folks online, asking "what are your requirements". Scared to answer that in writing for fear of inadvertedly violating something...and, of course, I hate to tell them what lies to tell....So I just reply with here's our application. My question to ya'll: Is it safer to have written criteria? If so, do you...

Checkbook LLC’s Just Took a Major Hit in Tax Court

Please share this far & wide, it has massive implications for SDIRA investing with "Checkbook LLC's". This is not a proposed law. This is a Tax Court ruling and is, therefore, the law today. Here are the basics: The taxpayer had an LLC 100% owned by her IRA. She was the manager. The LLC bought gold coins and stored them in...

IRS Dedication More Attorneys to Attach Syndicated Conservative Easements!

IRS Dedication More Attorneys to Attach Syndicated Conservative Easements! by John Hyre The IRS announced (informally, at a CPA conference) that it is dedicating more attorneys to go after and litigate syndicated conservation easements. In such cases, syndicators acquire property in an LLC or LP, contribute a portion of it to a non-profit for natural or historical conservation purposes, and...

Let the Business Teach You

Let the Business Teach You by Tony Youngs When I first got into real estate, I chose to start with pre-foreclosures. I learned that banks and lending institutions would auction houses off to the highest bidder at the courthouse steps in the county where the property was located. I also learned that you could buy these houses directly from the...

Landlord Blog: How to Show Proof of Delivery

HOW TO SHOW PROOF OF DELIVERY Certified Mail [NY] Sent certified letter to both tenants notifying them of a rent increase, respectively 12/1/21 and 1/1/22.. Neither of them picked it up or were "available for signature" (which is odd because there is always someone at home--I did not specify the signator) and it got returned back to me. These tenants are...

Landlord Blog: Leak Detectors

Leak Detectors An entire discussion by landlords was recently devoted to sharing info on devices. These devices ranged from simple audible alarm sensors that sit on the floor behind a washer or water heater, to the kind that are plumbed into the main water supply and cut off the water if a large outflow is detected. This is one of...

Landlord Blog: Rent Increase

Rent Increase (by Lew [NC]) Posted on: Jul 28, 2021 2:51 PM I have a couple of nice duplexes in the Raleigh, NC area which is booming. I have a resident that has been in one unit for a dozen years and I never raised the rent for many reasons, the main ones being retention and to leave sleeping dogs...